FINANCIAL INFORMATION

A Degree doesn’t have to mean Debt!

MBC values its students graduating unhindered by student loan payments. That is why MBC has chosen to keep its tuition cost low, offer longer weekends for employment options, and provide multiple scholarship opportunities! Our staff is committed to making your education goals affordable!

 

 

Cost: new Student before scholarships

 

2023-2024 Tuition and Housing Rates (Per Semester)
Tuition for 15 Credits $6,000.00
Campus Dorm Housing (Currently Unavailable) $1,850.00
Expo Apartment Housing (double occupancy room) ($800/Month for married couple, 1 BR) $2,025.00
Student Services Fee $450.00
Books + Logos Software (est.) $400.00
Total Per Semester w/Dorm Housing $8,700.00
Total Per Semester w/Expo Housing $8,875.00

 

 

 

 

Additional Expenses

In preparing for your education, we encourage you to keep in mind additional expenses such as books, insurance, food, and personal expenses. These will vary according to your individual needs. MBC does not have an institutional food service program, so students are responsible to prepare their own food in their apartment kitchens. MBC students are strongly encouraged to carry an adequate health insurance policy if they are not covered under their parents’ policy.

 

 

 

 

 

 Detailed Cost Breakdown

Tuition
1-15 hours (new student) $400.00 per hour
1-15 hours (returning student) $350.00 per hour
16-18 hours (new student) $6,400.00 per semester
19 or more hours $350.00 per additional hour
Single Student Housing
Double Occupancy (Dorm Housing) $1,850.00 per semester
Expo Apartment Housing $2025.00 per semester
Garage Rental (if available) $100 per month
Room Damage Deposits & Cleaning $250.00 (refundable)
Annual Maintenance Fee $100.00
Key Deposits $45.00 (refundable)
Married Student Housing
Family Occupancy

$800.00 /mo.  1 bedroom

$900.00 /mo.  2 bedroom

Apartment Damage Deposit $250.00 (refundable)
Key Deposits $45.00 (refundable)
Miscellaneous and One-Time Fees
Enrollment Deposit
Required for all entering full-time students. Due by August 1st for those enrolling for Fall Semester and by December 1st for those enrolling for Spring Semester. $150.00 (applied to tuition)
Student Services Fee
Students taking 6 or more credits or living on campus. $450.00 per semester
Logos Software 
Lifetime subscription $300.00
Drop Fee
Due from degree-seeking students for each class drop after the semester begins. $10.00 per drop
Graduation Fee
  $60.00
Lab Fees
Due to the nature of certain courses such as the Dinosaur Dig and some Outdoor Discipleship classes, fees may apply for transportation or the purchase or rental of basic outdoor clothing and gear. These costs only apply if a student registers for such a course.  $90.00 – $150.00
Audit Fees
No-credit personal enrichment courses $200.00 per course

Fees are subject to change at any time.

 

Payment Plan Information

Montana Bible College offers two payment options to those students taking classes for credit. Under the Up Front Plan, all semester fees are due and payable before the first day of classes.  Full-time students with the Up Front Plan will receive a $100 discount on the total semester cost. Any student taking fewer than four credits is required to pay his or her total bill up front with no discount. All students not on the Up Front Plan will be on the Monthly Payment Plan, under which a student may pay in equal installments for the cost of a semester’s tuition, fees, and room over a four-month period. A student is not considered enrolled for the semester until the first installment is received. Failure to make the first payment on time will result in a student being withdrawn from all classes. Grade reports and transcripts will be withheld until the student’s account is paid in full. No student will be allowed to begin a semester until all charges are paid from the previous semester.

 

 

Title IV Eligibility

For the sake of clarity, please be advised that MBC has deliberately chosen not to participate in the federal financial aid program. The College wishes to remain free of any dependency on federal aid money, to avoid the “strings” that come attached to the federal aid program, and to do all in its power to protect its students from becoming encumbered with indebtedness.

Even without participating in the federal aid program, Montana Bible College is still able to benefit from being eligible. Montana Bible College is recognized as an eligible institution under the Higher Education Act of 1965 (HEA), as amended, so its students may receive deferments under federal student loan programs, and so the institution may apply to participate in federal HEA programs other than student financial aid programs, including the Hope and Lifetime Learning Tax Credits. This means that MBC’s students receive the following benefits:

  1. MBC students may defer payment of student loans they’ve incurred while attending other schools.
  2. MBC students are able to take advantage of the tax benefits of attending a federally eligible institution, including deducting funds spent on tuition at MBC. MBC issues form 1098-T to each student at the end of the calendar year to provide proof of expenses and scholarship income related to attendance at Montana Bible College.
  3. MBC students are able to use Hope and Lifetime Learning credits (IRS Form 8863).
  4. MBC students may be eligible for regional and national scholarships that are only available to students attending federally eligible institutions.